Schrodinger Q2 2024 Adj EPS $(0.74) Beats $(0.85) Estimate, Sales $47.30M Beat $39.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Schrodinger (NASDAQ:SDGR) reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.74), beating the estimate of $(0.85). The company also reported sales of $47.30 million, surpassing the $39.35 million estimate and showing a 34.42% increase from the same period last year.
July 31, 2024 | 8:13 pm
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Schrodinger (NASDAQ:SDGR) reported Q2 2024 results that exceeded analyst expectations, with an adjusted EPS of $(0.74) beating the $(0.85) estimate and sales of $47.30 million surpassing the $39.35 million estimate. This represents a 34.42% increase in sales compared to the same period last year.
The better-than-expected earnings and significant year-over-year sales growth are likely to positively impact Schrodinger's stock price in the short term. Beating both EPS and sales estimates by a considerable margin indicates strong performance and could boost investor confidence.
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IMPORTANCE 90
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